2 B Altered clothing alterations
Stock Included: Yes
Stock Value: 5000
Years Est: 13
Gross Revenue: 110,000
2 B Altered shop for alterations and repairs was started in 2003.
The name was cleverly chosen to reflect both the core business activity and the actual address of the shop- 2 b Byron Street. The name is registered by the business.
Ownership structure is simple–sole trader.
2 B Altered is in the heart of one of the best and busiest suburbs-iconic Glenelg.
The shop is situated in a side street 10 meters from the trade street and completely visible for all the traffic on the main street. Advantage to the location is the relatively low rent-the best position for a service business.
There are 20 plus clothing shops situated on Jetty Rd- the main trade street and they all are customers of 2B Altered. 15 percent of the income comes through these businesses.
The competition is represented by two dry-cleaning businesses on Jetty Rd .They do not have a seamstress on the premises, but they do take some alterations. Quite often they send their customers to 2B Altered, if an express service is needed.
Admittedly clothing shops are struggling, which comes as an advantage to 2 B altered as a lot of buys are because they were on “special” and quite often require major work to be fitted. Also a lot of old favorites find a second life through repairs and alterations.
70 percent of the income of 2 B Altered are returning customers. 15 percent new customers: Glenelg is the tourist capital of South Australia. Also retirees from all over the country choose Glenelg as it is a vibrant place to live with excellent transport and every facility you can think of. 2B Altered is certainly a vital part of the community, as I am told on a daily basis.
2 B Altered is fully equipped with every necessary professional machine to provide both quality and fast service. All the machines are regularly maintained.
As a guide to some numbers: on average 100 orders per 10 days. Medium order value $30.00.
Asking price for the business is $300,000.
The business will be sold as WIWO. I will donate one full month to introduce you to the culture, policies, customers, manner of work. I will hold your hand if you want me to, until you are ready to run.
This is a unique opportunity to set yourself in the best place in Adelaide without the price tag that usually comes with it.
Potential for growth and diversification will be discussed, but with minor effort exponential growth is achievable.
Approximate Stock Value:
Number of Employees:
70 sq meters
Business Operated from Home:
Holdfast Bay Council
Local Tourism Website: